Bottom line: The port expects to receive $20 million over the 40-year term of the lease, starting in the 11th year of the lease.

History: The original $410,000 station, funded primarily with WPA Depression-era federal funds, was designed by the Edward and Charles Quayle, along with Alberto Treganza. It housed 300 officers, 50 support staff, courtroom and jail.

It included a three-story gym (including second-floor basketball court and four-lane bowling alley). The police relocated in 1987 to a $43 million mid-rise at 14th Street and Broadway and the property reverted to control of the San Diego Unified Port District. On an interim use it was used for storage and a stable for downtown horse-and-buggy services.

In 1998 the station was placed on the National Register of Historic Places and the port committed to retain the building and re-lease for new uses. Terramar negotiated a 40-year lease in 2008. Among historic items retained: 20 skylights, 27,500 clay roof tiles, 15,000 square feet of courtyard pavers, heavy carved-wood doors, ironwork, light fixtures, ceramic wall tiles and windows.